- Vice Fund
The Vice Fund (nasdaq|VICEX) is a
mutual fund investing in companies that have significant involvement in, or derive a substantial portion of their revenues from, industries such astobacco , gaming, defense/weapon s,liquor and other companies irrespective of whether their products or services may be considered socially correct. [ [http://www.vicefund.com/docs/7.30.07%20VF%20Prospectus.pdf VICE FUND Prospectus July 30, 2007] ]The fund has received a great deal of media coverage. [ [http://www.slate.com/id/2123644/ God vs. Satan Who's the better investor?] in
Slate (2005 -07-29 ) "By contrast, the much-smaller Vice Fund actively embraces companies that profit from human fallibility. And it has profited handsomely from doing so, crowing that it ranks in the top 1 percent of funds in its category. Here's a chart of the Vice Fund against the S&P 500 since its inception in 2002."] [ [http://www.independent.org/newsroom/article.asp?id=795 Does Vice Pay?] inThe Independent (2003 -04-04 ) "“Vices are not crimes,” wrote 19th-century anarcho-capitalist philosopher Lysander Spooner. We still can legally invest in vice industries that have not been completely criminalized by the state. The Vice Fund (www.vicefund.com), created seven months ago, invests in alcohol, tobacco, gambling, and national defence. The presence of defence in the list of sins reminds us that what is a vice for some is a virtue for others."] [ [http://www.ft.com/cms/s/5841ea2a-8eb8-11db-a7b2-0000779e2340.html Vice beats virtue in the battle for high returns] inFinancial Times (2006 -12-18 ) "The Vice Fund (VICEX) is really an alternative sector strategy that focuses on the alcohol, tobacco, gaming and defense industries, and we do so because we believe they offer true investment merit."]References
External links
* [http://vicefund.com/docs/vicex_11_07_fact_sheet.pdf VICE FUND Fact Sheet] Release Date: 11-30-2007
* [http://www.vicefund.com/ Official site]
Wikimedia Foundation. 2010.
